Hungary: Odoriferous Substance Mixture Market 2024

Odoriferous Substance Mixture Market Size in Hungary

In 2022, after five years of growth, there was significant decline in the Hungarian odoriferous substance mixture market, when its value decreased by X% to $X. Overall, consumption enjoyed a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2021, and then fell in the following year.

Odoriferous Substance Mixture Production in Hungary

In value terms, odoriferous substance mixture production shrank to $X in 2022 estimated in export price. In general, production saw a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X, and then dropped in the following year.

Odoriferous Substance Mixture Exports

Exports from Hungary

In 2022, overseas shipments of mixtures of odoriferous substances and their preparations decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, odoriferous substance mixture exports fell to $X in 2022. Overall, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), the UK (X tons) and Russia (X tons) were the main destinations of odoriferous substance mixture exports from Hungary, with a combined X% share of total exports. Poland, the Netherlands, Spain, Italy, Belgium, Turkey, France, Ukraine, Senegal and Austria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for odoriferous substance mixture exported from Hungary were Germany ($X), Russia ($X) and the Netherlands ($X), together comprising X% of total exports. Poland, Spain, Italy, the UK, France, Belgium, Turkey, Austria, Ukraine and Senegal lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Spain, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average odoriferous substance mixture export price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price, however, saw a strong expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Odoriferous Substance Mixture Imports

Imports into Hungary

After three years of decline, supplies from abroad of mixtures of odoriferous substances and their preparations increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, odoriferous substance mixture imports shrank markedly to $X in 2022. Over the period under review, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of odoriferous substance mixture imports to Hungary, with a combined X% share of total imports. Ireland, Austria, Poland, Slovenia, the United States and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest odoriferous substance mixture suppliers to Hungary were Germany ($X), Ireland ($X) and France ($X), with a combined X% share of total imports. The Netherlands, Austria, Slovenia, the United States, Poland and the UK lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average odoriferous substance mixture import price amounted to $X per ton, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then shrank notably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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